In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. We'll discuss seller financing for business and how it works, as well as highlight the pros and cons for both buyers and sellers.Sell agreement could be a vital contract for your business. Our legal team can help with the drafting and implementation of this important document. If you are hoping to force your business partner to buy you out, the best thing you can do is carefully read through your operating agreement. Here the buyer and seller work out an agreement where the buyer makes monthly payments to the seller in exchange for ownership of the company. This agreement sets forth the rights, responsibilities, and contributions of each partner and provides clarity on various aspects of the real estate venture.